{"id":29004,"date":"2026-01-13T08:15:58","date_gmt":"2026-01-13T08:15:58","guid":{"rendered":"https:\/\/www.algebris.com\/?p=29004"},"modified":"2026-01-13T08:16:30","modified_gmt":"2026-01-13T08:16:30","slug":"finanziari-fondamentali-stabili-e-redditivita-elevata-con-gestione-attiva-del-rischio","status":"publish","type":"post","link":"https:\/\/www.algebris.com\/it\/podcast-it\/finanziari-fondamentali-stabili-e-redditivita-elevata-con-gestione-attiva-del-rischio\/","title":{"rendered":"Finanziari: fondamentali stabili e redditivit\u00e0 elevata, con gestione attiva del rischio"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\ud83c\uddee\ud83c\uddf9 The Algebris View | Finanziari: fondamentali e redditivit\u00e0 buoni, con gestione attiva (S. Pirro)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/MhDq3vIEY3s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Il 2025 ha portato importanti eventi macro, ma i mercati sono rimasti insolitamente calmi, con volatilit\u00e0 solo episodica attorno a eventi come il \u201cLiberation Day\u201d e l\u2019introduzione dei dazi. In questo contesto, le nostre strategie di credito finanziario hanno performato molto bene, sostenute da banche entrate nell\u2019anno con bilanci record e la migliore redditivit\u00e0 degli ultimi 15 anni. <\/p>\n\n\n\n<p>Per il 2026, i fondamentali delle banche europee dovrebbero restare solidi e una minore emissione di titoli potrebbe favorire i tecnici, anche se gli spread sono gi\u00e0 compressi. Restiamo prudenti: l\u2019incertezza sui dazi potrebbe riportare in primo piano i deficit fiscali, mentre le crescenti esigenze di finanziamento del settore tech potrebbero generare un\u2019ondata di emissioni e mettere sotto pressione i tecnici dell\u2019Investment Grade. <\/p>\n\n\n\n<p>Il credito finanziario resta convincente, ma affrontiamo il 2026 con maggiore disciplina, attenzione alla volatilit\u00e0 e liquidit\u00e0 per mantenere flessibilit\u00e0.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Il 2025 ha portato importanti eventi macro, ma i mercati sono rimasti insolitamente calmi, con volatilit\u00e0 solo episodica attorno a eventi come il \u201cLiberation Day\u201d e l\u2019introduzione dei dazi. In questo contesto, le nostre strategie di credito finanziario hanno performato molto bene, sostenute da banche entrate nell\u2019anno con bilanci record e la migliore redditivit\u00e0 degli [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":29002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,124],"tags":[],"asset-class":[224],"algebris-themes":[234],"class_list":["post-29004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-views-it","category-podcast-it","asset-class-credit-it","algebris-themes-financials-it"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finanziari: fondamentali stabili e redditivit\u00e0 elevata, con gestione attiva del rischio - Algebris Investments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.algebris.com\/it\/podcast-it\/finanziari-fondamentali-stabili-e-redditivita-elevata-con-gestione-attiva-del-rischio\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finanziari: fondamentali stabili e redditivit\u00e0 elevata, con gestione attiva del rischio - Algebris Investments\" \/>\n<meta property=\"og:description\" content=\"Il 2025 ha portato importanti eventi macro, ma i mercati sono rimasti insolitamente calmi, con volatilit\u00e0 solo episodica attorno a eventi come il \u201cLiberation Day\u201d e l\u2019introduzione dei dazi. 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